Toyota plans to build a new $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles.
FILE - The Toyota logo is shown on a dealership in Manchester, N.H., in this Thursday, Aug. 15, 2019, file photo. The plant location wasn't announced, but the company said it eventually will employ 1,750 people and start making batteries in 2025, gradually expanding through 2031.
At present, only about 4.8% of the roughly 80 million new vehicles sold globally run solely on electricity, according to LMC Automotive. “All of us are trying to get a fix on how customers will accept electric vehicles,” Chris Reynolds, chief administrative officer for Toyota in North America, said in an interview with The Associated Press. “We don’t know for sure, but we have to be ready.”
Also Monday, the Taiwanese company that makes smartphones for Apple and others, Foxconn Technology Group, said it wouldVolvo Cars on Monday unveiled more details of its initial public offering that will fund its ambitious plan to transform into an all-electric vehicle company by 2030. The Swedish auto brand, owned by Chinese carmaker Geely, said the IPO would value the company at 163-200 billion kronor when shares start trading Oct. 28.
The moves come just after Ford and General Motors recently announced large investments in U.S. battery factories. GM plans to build battery plants in Ohio and Tennessee, while Ford has plans for plants in Tennessee and Kentucky. Toyota plans to sell 2 million zero emission hydrogen and battery electric vehicles worldwide per year by 2030. In the U.S., Toyota plans to sell 1.5 million to 1.8 million vehicles by 2030 in the U.S. that are at least partially electrified.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Toyota, Stellantis to Build EV-Battery Factories in the U.S.Toyota and Jeep parent Stellantis said separately they would build battery factories in the U.S., the latest in a string of big-ticket investments by auto makers looking to sell more electric cars
Leer más »
Toyota will spend $3.4 billion through 2030 to make automotive batteries in the U.S.Toyota Motor's North American unit will invest about $3.4 billion on U.S. automotive battery development and production in the United States through 2030.
Leer más »
Toyota, Stellantis to Build EV-Battery Factories in the U.S.Toyota and Jeep parent Stellantis said separately they would build battery factories in the U.S., the latest in a string of big-ticket investments by auto makers looking to sell more electric cars
Leer más »
Europe Will Lead Electric Vehicle Revolution Not USA Says Ex-LG Chem CEOTesla took electric vehicles into the mainstream, but Europe has taken over as the fastest growing and most important EV market.
Leer más »
Biden's electric vehicle plan includes expanding charging stations. Is it enough?The infrastructure bill stalled in the House includes $7.5 billion to expand electric vehicle charging stations. Advocates say it's a good start.
Leer más »
Foxconn Unveils First Electric-Vehicle PrototypesThe world’s largest contract electronics manufacturer has been moving deeper into the automotive industry as it seeks to diversify its business beyond the Apple products that it is best known for making.
Leer más »